Don't worry, I only became aware of JLG last year when I...

Don't worry, I only became aware of JLG last year when I researched a few smaller companies.

One aspect of its investments I omitted to mention in reply to Bruiserh89 is how it is gradually purchasing strata title/body corporate administration companies that have blocks of flats/apartments under management, especially in Greater Sydney and Greater Melbourne.

Typically, JLG likes the founders to remain actively involved. This seems to an outsider like me an excellent business model, especially if the founders purchase some JLG and so have direct, continuing 'skin in the game'.

Bruiserh89, as I briefly implied above, also have a squiz at SDF - Steadfast Insurance - that has been listed on the ASX since 2013. Again, showing my ignorance, I only knew of it after reading the 'top 20' JLG holders' list (always at the back of any ASX-listed company's annual report). SDF owns c. five per cent of JLG, with SDF recently having a most successful placement and accompanying share purchase plan, the latter raising way more than SDF originally said it would. (SDF is as I understand it mostly an intermediary, providing insurance brokers with quality software as one of its many facets).

JLG and SDF have tiny numbers of shareholders compared to say woke BHP, or successful WOW and new offshoot EDV. Obviously many brokers and jouranlists 'in the know' love to keep the existence of entities like JLG/SDF a secret as neither seem to receive much publicity, yet they have records of achievement.